I wouldn’t give them the keys until you’ve received all rent/deposits, you’ve received proof of renters insurance, and you’ve verified they put the utilities in their names.

If you are looking at approved plans, you will have more than 10-days to get drawings, and receive plan approval.The other option is to ask for forgiveness rather than permission...but that has the likelihood of backfiring.

However if you're somewhere between 50% and 90% then you may not want to do this because you could be turning away revenue that you wouldn't otherwise receive. 

So I received 80% of the equity, leaving 20% in the home, and losing a few thousand from all of the closing costs, appraisal fees, etc.

I agreed to effectively a short sale: mortgagee sold property and I received all proceeds, which did not quite cover the principal amount and thus didn't cover any of the accumulated interest.

Devon, yes, you will receive a pro-rated return on both taxes and insurance for the unused days.

I receive rent checks and deposit them in my bank. 

The seller receives a total of $150,000.

People mistakenly believe that because they paid for the appraisal and they receive a copy of it, it has something to do with them - it doesn't.

I have a lot of information I am trying to get about this property to make sure I have a smooth transition.Also, how are you receiving the rents?